TLDR A Russian crypto network moved over $6 billion through the A7A5 stablecoin after U.S. sanctions targeted its operators in August 2025 Network administrators destroyed and re-minted more than 80% of A7A5 tokens to break links to sanctioned wallets including Grinex exchange The A7 network has processed $86 billion in 10 months and received formal [...] The post Russian A7A5 Stablecoin Processes $6 Billion After U.S. Sanctions Hit Operators appeared first on CoinCentral.TLDR A Russian crypto network moved over $6 billion through the A7A5 stablecoin after U.S. sanctions targeted its operators in August 2025 Network administrators destroyed and re-minted more than 80% of A7A5 tokens to break links to sanctioned wallets including Grinex exchange The A7 network has processed $86 billion in 10 months and received formal [...] The post Russian A7A5 Stablecoin Processes $6 Billion After U.S. Sanctions Hit Operators appeared first on CoinCentral.

Russian A7A5 Stablecoin Processes $6 Billion After U.S. Sanctions Hit Operators

2025/10/06 16:26
4 min read

TLDR

  • A Russian crypto network moved over $6 billion through the A7A5 stablecoin after U.S. sanctions targeted its operators in August 2025
  • Network administrators destroyed and re-minted more than 80% of A7A5 tokens to break links to sanctioned wallets including Grinex exchange
  • The A7 network has processed $86 billion in 10 months and received formal digital financial asset status in Russia last week
  • Russia’s Central Bank will conduct a comprehensive audit of the nation’s crypto holdings in early 2026
  • The bank has ordered Moscow Exchange and commercial banks to provide monthly reports on crypto derivatives transactions

A Russian cryptocurrency network has moved $6 billion since August after the United States sanctioned several of its operators. The transactions involved A7A5, a stablecoin that sits at the center of Russia’s cross-border payment system.

The U.S. sanctioned the Grinex exchange in August. Officials called it a successor to Garantex, which was shut down in March for alleged connections to hacking and ransomware. Grinex has denied any connection to Garantex.

The day after sanctions were announced, A7A5 administrators emptied two wallets connected to Grinex. The wallets held 33.8 billion tokens worth $405 million. They used a function called “destroyBlackFunds” to mark the assets as “dirtyShares.”

New tokens for the same amount were then created in a different wallet. This broke the connection between the old sanctioned funds and the new tokens. The new wallet, named TNpJj, has since processed $6.1 billion in transactions.

The A7 network was created after Russian banks were cut off from the U.S.-led financial system following the 2022 invasion of Ukraine. The network provides an alternative payment system for Russian trade. A7A5 runs on Tron and Ethereum blockchains.

On March 10, 4.5 billion A7A5 tokens moved between four wallets in ten minutes. This happened after U.S. action against Garantex. On May 6, one wallet funded a new address called TChBA.

On August 14, the U.S. sanctioned two wallets tied to Garantex and Grinex. By August 15, funds in TChBA were destroyed and re-minted in TNpJj. The same pattern repeated on September 2 with another wallet.

Network Operations and Ownership

The TNpJj wallet shows the same patterns as older wallets. It operates during Moscow working hours with peak activity between 10 a.m. and 12 p.m. local time. Little movement happens overnight or on weekends.

A7A5’s chatbot operates weekdays from 10 a.m. to 8 p.m. Moscow time. Clients can buy the token in cash at Grinex’s over-the-counter section inside a Moscow skyscraper. The location is Federation Tower, 14th floor, the same address Garantex previously used.

The coin is registered in Kyrgyzstan. Its issuer, Old Vector, was blacklisted by the U.S. in August. Last week Russia granted A7A5 formal digital financial asset status.

Russian exporters and importers can now use A7A5 officially through a platform owned by Promsvyazbank. The state-owned defense lender already under sanctions holds a 49 percent stake in the A7 network. The bank backs each token with a rouble.

Promsvyazbank’s chief executive Petr Fradkov told President Vladimir Putin the bank is creating a system of cross-border settlements based on A7. The network has received large loans from VEB, a Russian state development bank.

Central Bank Audit Plans

Russia’s Central Bank announced it will conduct a comprehensive audit of the nation’s crypto holdings in early 2026. The bank will survey companies and individuals over the first two months of the year.

The audit will review crypto investments and lending volumes for companies in the space. The Central Bank said it also plans to review individual investments in digital financial products whose returns are tied to crypto prices.

This includes crypto derivatives that launched on the Moscow Exchange this year. The bank has ordered the exchange and commercial banks offering crypto derivatives to send monthly reports on transactions and volumes.

The bank said the survey’s goal is to assess the volume of investments in cryptocurrencies by regulated entities. This includes investments for risk hedging purposes. One expert told Russian newspaper Izvestia the bank and government will use the information to help form regulatory policy and generate tax revenue.

Network Expansion

A7’s majority owner and chief executive Ilan Șor is a fugitive Moldovan oligarch living in Moscow. He claims the network has moved more than $86 billion in 10 months. The A7 network is expanding to Africa.

Financial professionals told the Financial Times the A7 network may represent a large part of Russia’s cross-border payments market. Besides crypto, A7 also handles payments via promissory notes. The Centre for Information Resilience predicted Russia’s war economy will raise the network’s political profile in enabling exports.

The post Russian A7A5 Stablecoin Processes $6 Billion After U.S. Sanctions Hit Operators appeared first on CoinCentral.

Market Opportunity
Union Logo
Union Price(U)
$0.001533
$0.001533$0.001533
+5.21%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed rate decision September 2025

Fed rate decision September 2025

The post Fed rate decision September 2025 appeared on BitcoinEthereumNews.com. WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut. Governors Michelle Bowman and Christopher Waller, looked at for possible additional dissents, both voted for the 25-basis point reduction. All were appointed by President Donald Trump, who has badgered the Fed all summer to cut not merely in its traditional quarter-point moves but to lower the fed funds rate quickly and aggressively. In the post-meeting statement, the committee again characterized economic activity as having “moderated” but added language saying that “job gains have slowed” and noted that inflation “has moved up and remains somewhat elevated.” Lower job growth and higher inflation are in conflict with the Fed’s twin goals of stable prices and full employment.  “Uncertainty about the economic outlook remains elevated” the Fed statement said. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.” Markets showed mixed reaction to the developments, with the Dow Jones Industrial Average up more than 300 points but the S&P 500 and Nasdaq Composite posting losses. Treasury yields were modestly lower. At his post-meeting news conference, Fed Chair Jerome Powell echoed the concerns about the labor market. “The marked slowing in both the supply of and demand for workers is unusual in this less dynamic…
Share
BitcoinEthereumNews2025/09/18 02:44
Australia Cleas Path for Stablecoins: Here’s What It Means for Crypto Distribution

Australia Cleas Path for Stablecoins: Here’s What It Means for Crypto Distribution

TLDR: ASIC grants class relief for intermediaries handling licensed stablecoins, reducing the need for separate AFS licences. Exemption covers distribution, market, and clearing licences but still requires issuers to hold an AFS licence. Guidance updates to INFO 225 will add examples for stablecoins, meme coins, and wrapped tokens under financial laws. ASIC says it will [...] The post Australia Cleas Path for Stablecoins: Here’s What It Means for Crypto Distribution appeared first on Blockonomi.
Share
Blockonomi2025/09/18 23:56
Galderma Expands Restylane® Portfolio in Japan With Launch of OBT™ Hyaluronic Acid Injectables Restylane Defyne™ and Refyne™

Galderma Expands Restylane® Portfolio in Japan With Launch of OBT™ Hyaluronic Acid Injectables Restylane Defyne™ and Refyne™

Restylane® Refyne™ and Restylane Defyne™ are the first Optimal Balance Technology (OBT™) hyaluronic acid injectables ever approved and launched in Japan, bringing
Share
AI Journal2026/02/11 14:15